Friday, December 4, 2020

Crossing Latin America by rail with SPINK

SPINK's Bonds and Shares Department has put its last sale of 2020 online. The auctioneer offers over 600 antique securities including an impressive set of bonds and shares from Latin American railway companies.  This online auction ends at 11 AM GMT on Dec 15, 2020.

Several bonds and shares from South American railroads are ready to be hammered at Spink's scripophily auction. The Central Argentine Railway issued this share in 1911. Railway construction started in 1863 with the building of the terminus in Rosario. Nearly 100 years later the Juan Perón administration nationalized the British owned railways in 1948. L(ot) 394 in the auction was printed by Waterlow and Sons. 

Spink and Son Ltd specialises in the auctioning of stamps, coins, banknotes, medals, autographs, books, wines and more. This time antique stocks and bonds from many countries go on the block. 

The Mexican International Railroad Company was formed in 1882 to link the Southern Pacific to the Mexican Central Railway. In 1910 the business was acquired by the government controlled National Railways of Mexico. This £100 specimen bond from 1897 was printed by American Bank Note Co., L435 

Major sections in the auction include Africa, Asia, Europe, Great Britain, the Americas, and the United States. Special interest themes that can be discovered are : Russian oil, American mining, Norway, British automobile builders, and more. 

The British entertainment section includes some historical items from the theatre, film and television world. Let's take a look at lot 335, a group lot of two specimen bonds from the Alexander Korda Film Productions Ltd company. Film director and producer Alexander Korda (1893-1956) became one of the leading figures in the British film industry. He founded London Films and became owner of British Lion Films. World famous is The Third Man which he produced in 1949.  

Abyssinian Corporation share certificate with vignette of elephant

The auction features over 60 lots of scripophily from the African continent. This share in the Abyssinian Corporation was issued in 1918. The British company was involved in trading activities with the Ethiopian Empire, then ruled by Empress Zewditu. Frederick Lugard, then Governor-General of Nigeria, signed the share as Director. His wife, the journalist and writer Flora Shaw coined the country's name "Nigeria", derived from the Niger river. Vignette of elephant and lion head, rare, L12 

The sale also provides an interesting cross-section of British motor cars and cycles. Here are some of the highlights with lot numbers : 

  • British Motor Company Ltd, preference shares, 1898, signed as director by Harry Hewitt Griffin, cycling journalist, editor of Bicycling News, and director of the New Beeston Cycle Co, L302
  • Argylls, Ltd, 1909, Scotland's largest car manufacturer before World War I, motor car vignette, L289 
  • Clément, Gladiator and Humber (France) Ltd, £1 shares, 1897, company in 1903 divided to form Clement Talbot in England and Clement Gladiator in France, L310

The British Motor & Engineering Company was based in Caversham, Reading where they produced four models between 1905 and 1907. One of these was a 6.5 h.p. two-cylinder two-seated car that sold at £105.  L303 

There is a lot more to discover! So, here are the sale's details : 
  • Location : online auction only
  • Date : ends on 15 December, 2020 at 11:00 AM
  • Further info : see Spink's online catalogue with full color images here 


bond from the Great Northern Central Railway of Colombia

The Great Northern Central Railway of Colombia was founded in 1907 and planned a first rail section between Puerto Wilches and Bucaramanga. This rare 5.5% £20 Mortgage bond, 1909, one of the South American railway certificates in the sale, illustrates the coat of arms of Colombia and a locomotive. L432 

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